Higher saving rates mean higher future growth rates because
A) the banks have more money to distribute to their shareholders.
B) saving contributes to more investment, which yields a larger capital stock.
C) the interest earned from savings gives you more wealth.
D) saving contributes to less investment, which yields a larger capital stock.
B
Economics
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What is one kind of monopoly that the U.S. government generally permits?
a. the telephone company b. professional sports leagues c. low-price gasoline d. certain kinds of medications
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"When OPEC increases the supply of oil to the market, the price of gasoline falls." This is an example of
A) a normative statement. B) the failure of opportunity cost to determine prices. C) a positive statement. D) a macroeconomic statement.
Economics